BAHRAIN aspires to uphold the principles of truth, justice and freedom in our world, His Majesty King Hamad has said.
These are values of humanity that the kingdom regards as the very essence of its beliefs and endeavours, aimed at promoting brotherhood and coexistence among all peoples on Earth, he said.
It is with these aspirations that Bahrain is hosting the King Hamad Forum for Justice, a distinguished international gathering of pioneers in the fields of legal and judicial thought, the King pointed out as he received forum participants at Sakhir Palace yesterday.
“We take this opportunity to express our pride in the inauguration of the Bahrain International Commercial Court, which we consider a historic step in the development of our judicial system,” His Majesty said.
The initiative reflects Bahrain’s conviction in the importance of openness and building bridges of co-operation, he added.
“It also shows the kingdom’s constant commitment to strengthening its position as an international hub for resolving cross-border commercial disputes.
“We are confident that this specialised court – as an effective mechanism for resolving commercial disputes – will play its full role in supporting the global business community through a judiciary that speaks the language of the parties involved, understands their needs and works to reinforce the rule of law while upholding independent and impartial justice.
“In doing so, it will contribute to achieving the Sustainable Development Goals, and to supporting the stability and prosperity of international trade.”
Legal security is the umbrella under which modern markets grow with confidence and sustainability, safeguarding the rights, freedoms and interests of individuals and institutions alike, the King highlighted.
His Majesty commended the constructive co-operation with Singapore, a pioneer in advanced international commercial courts. Its distinguished experience has served as an inspiration and foundation for the exchange of expertise in establishing the international commercial court, he added.
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